U.S. First-Quarter GDP Growth Exceeds Estimates at 1.1%
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the final revised GDP growth rate for the first quarter?
2.0%
0.8%
0.5%
1.1%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factors contributed to the GDP improvement?
Lower manufacturing inventories
Reduced trade activity
Increased core shipments
Decreased construction spending
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the core PCE figures compare to the estimates?
They were higher than estimates
They matched the estimates
They were slightly lower than estimates
They were significantly lower than estimates
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the estimated core PCE growth rate?
2.2%
2.1%
2.0%
1.9%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why was there little reaction in the futures market despite a stronger GDP reading?
Owing to a strong labor market
Because of Brexit uncertainties
Because of rising interest rates
Due to high inflation rates
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